AAR Ruling: GST Authority ruled dealers can claim input tax credit on demo cars. Landmark Cars East Pvt Ltd sought ruling on taxation aspects, specified time period for inward supply to potential Mercedes Benz car buyers.
Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it
Patanjali Foods faces a show cause notice from GST Intelligence in Chandigarh for a Rs 27.5 crore tax claim, involving input tax, penalties under CGST and Uttarakhand SGST Acts, recovery issues, interest implications, and the need to defend its case with uncertain financial outcomes.
The company has received a communication/demand order for interest and penalty from the Additional Commissioner, Central GST & Central Excise Jamshedpur, LIC said in a regulatory filing.
So far, 141 people have been arrested over five different police complaints registered in this connection, and fraud to the tune of hundreds of crores was detected.
The Supreme Court on February 12 issued notice in a plea filed against the Delhi High Court order upholding constitutional validity of anti-profiteering provisions under the CGST Act and Rules.Passing...
The Allahabad High has held that where assessee has paid far more tax than the input tax credit claimed, Section 13(1)(f) of the Uttar Pradesh Value Added Tax Act, 2008 will not apply.Section 13(1) of...
Budget 2024: The industry is also demanding a special performance-linked incentivisation for brands expanding their networks in tier 1 & tier 2 cities.
In a letter to Finance Minister Nirmala Sitharaman, the National Restaurant Association of India (NRAI) also called for an equitable and fair e-commerce policy, saying balanced policies and regulations are required to enable a level playing field, where platforms can continue to innovate, while restaurants, delivery partners and consumers are protected from potentially exploitative practices.